Daily Traders Edge

North Korea sets party congress date amid nuclear test fears

April 27
04:36 2016

North Korea on Wednesday formally set May 6 for the opening of a landmark ruling party congress — the first in nearly four decades and an event many fear will be preceded by a fifth nuclear test. Anticipation over the congress, last held in 1980, has been mounting since the North signalled its intentions to hold the gathering way back in October. Kim Jong-Un is expected to use the event to cement his position as supreme leader and to take credit for pushing his country's nuclear weapons programme to new heights.

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